Stay updated with the latest fiscal-year news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on fiscal-year topics.
New Delhi, April 7 (SocialNews.XYZ) The Enforcement Directorate (ED) has attached movable and immovable properties valued at Rs 39.45 crore belonging to Al-Falah Charitable Trust and its Chairman as well as Managing Trustee Jawad Ahmad Siddiqui, an official said on Tuesday. "The properties attached by the ED's High Intensity Unit's Headquarters Office, include residential premises of Siddiqui situated in Jamia Nagar at Delhi's Okhla, agriculture land at Dhauj village in Faridabad adjacent to th ...Read More >
Mumbai: The Reserve Bank of India (RBI) has started its three-day Monetary Policy Committee (MPC) meeting from April 6 to April 8, 2026. This is the first policy review of the financial year 2026-27. The final decision will be announced on Wednesday, April 8, at 10:00 AM. RBI Governor Sanjay Malhotra, who leads the six-member committee, will also address a press conference at 12:00 noon on the same day. Where To Watch The Announcement? The RBI will stream the policy announcement live on its o ...Read More >
New Delhi, Apr 7 (PTI) The Enforcement Directorate on Tuesday said it has attached a house in Delhi's Jamia Nagar, agricultural land in Faridabad, and several bank deposits, worth more than Rs 39 crore, as part of a money laundering probe against Al-Falah Group chairman Jawad Ahmad Siddiqui and his charitable trust. Al-Falah University, based in Haryana's Faridabad, came under the scanner of probe agencies during an investigation into a 'white-collar' terror module linked to the November 10, 20 ...Read More >
Chandigarh, Apr 7 (PTI) Indian National Lok Dal patron Sampat Singh on Tuesday lashed out at the BJP government in Haryana alleging gross fiscal management by the present dispensation. Singh, a former Haryana finance minister, alleged gross fiscal mismanagement by the Nayab Singh Saini government and betrayal of the trust of the people of the state. "The BJP says one thing and does another. The government is merely engaging in event management," he said. "During his budget speech on March 2, ...Read More >
Mumbai (Maharashtra) [India], April 7 (ANI): Ahead of the Reserve Bank of India's (RBI) Monetary Police Committee (MPC) announcement of decisions taken in its first meeting of the financial year 2026-27 on Wednesday, economists have opined that the central bank is most likely to maintain the 'status quo' on repo rates. There would, however, be several policy decisions that will be announced, addressing key macro issues, they said. Also Read | BTS' Parent Group HYBE Announces India Auditions fo ...Read More >
DoT extends deadline to June 30 to reassess Vodafone Idea AGR dues, licence fee review is done but spectrum charge recalculation faces delays due to missing records The Department of Telecommunications (DoT) has extended the deadline for reassessing adjusted gross revenue (AGR) dues of Vodafone Idea by three months to June 30, according to a Moneycontrol report. The move comes as field officials continue to face challenges in completing the exercise. According to the Moneycontrol report, the e ...Read More >
NEW DELHI, April 7 (Reuters) - Air India said on Tuesday that CEO Campbell Wilson had resigned after nearly four years in the role, as the carrier grapples with persistent losses and heightened regulatory scrutiny following a crash last year that killed 260 people. Wilson's resignation comes just days after its bigger domestic rival, IndiGo, tapped aviation veteran Willie Walsh as its next CEO. The country's two largest carriers are under pressure from an industry crisis stemming from the Midd ...Read More >
New Delhi, April 6 (IANS) The Indian auto retail industry delivered an all-time high of 2,96,71,064 units in FY26 with a broad-based 13.30 per cent growth (year-on-year), that saw five of six vehicle categories set new annual records, data released by the Federation of Automobile Dealers Associations (FADA) said on Monday. This represents the domestic auto industry approaching the 3-crore mark in a financial year, a milestone that would have seemed distant just two years ago. "What makes this ...Read More >
Mumbai (Maharashtra) [India], April 7 (ANI): Ahead of the Reserve Bank of India's (RBI) Monetary Police Committee (MPC) announcement of decisions taken in its first meeting of the financial year 2026-27 on Wednesday, economists have opined that the central bank is most likely to maintain the 'status quo' on repo rates. There would, however, be several policy decisions that will be announced, addressing key macro issues, they said. Speaking exclusively to ANI, Dipti Deshpande, Principal Economi ...Read More >
New Delhi [India], April 7 (ANI): India's electric vehicle transition gathered pace in FY26, with total EV retail sales across two-wheelers, three-wheelers, passenger vehicles and commercial vehicles rising about 24.6 per cent year-on-year to around 24.52 lakh units, according to retail data shared by the Federation of Automobile Dealers Associations (FADA). The sharp rise in EV adoption comes at a time when crude prices are hovering around USD 100/barrel due to West Asia crisis. India remains ...Read More >
NEW DELHI, April 7 (Reuters) - India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritise capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and airports, which the government se ...Read More >
New Delhi, Apr 7 (PTI) Total electric vehicle retail sales in India grew by 24.6 per cent at 24.52 lakh units in FY26 as compared to the previous fiscal, with every category delivering strong double-digit growth, Federation of Automobile Dealers Associations said on Tuesday. While electric two-wheelers crossed 14 lakh units, electric passenger vehicle retail sales missed the 2 lakh units by a whisker but surged 83.63 per cent in FY26, FADA said in a statement. "FY'26 has been a watershed year ...Read More >
New Delhi, Apr 7 (PTI) Domestic revenue of Jubilant Foodworks Ltd (JFL), the country's leading QSR chain operator, was up 6.2 per cent to Rs 1,686 crore in March quarter of 2025-26 fiscal year. For the full fiscal, revenue was at Rs 6,887.8 crore, said the Bhartiya family-promoted firm, which has franchise rights for global QSR brand as Domino's, Popeyes. Consolidated revenue, which includes income from international operations, came in at Rs 2,505.8 crore in March quarter, up 19.1 per cent ye ...Read More >
Mumbai (PTI): The rupee depreciated 10 paise to close at 93.00 (provisional) against the US dollar on Tuesday, as investors remained on edge ahead of US President Donald Trump's deadline for the opening of the Strait of Hormuz and the Reserve Bank's monetary policy review. Forex traders said the USD/INR pair is trading under pressure, dragged down by unabated withdrawal of foreign capital, a firm dollar, and higher crude oil prices amid a volatile geopolitical situation. Moreover, market parti ...Read More >
Kolkata: Kalyan Jewellers reported a consolidated revenue growth of around 64% in Q4 FY26 compared with the same quarter last year, the company said in a stock exchange filing. For the full year FY26, consolidated revenue rose approximately 42% over FY25. India operations saw revenue growth of over 65% in Q4 FY26, driven primarily by strong same-store sales growth (SSSG) across key markets. Both wedding and discretionary demand remained robust despite volatile gold prices, with SSSG exceeding 4 ...Read More >
New Delhi, Apr 7 (PTI) Kalyan Jewellers India Ltd reported 64 per cent jump in consolidated revenue for the fourth quarter of fiscal year 2025-26, buoyed by robust wedding and discretionary jewellery purchases even as gold prices remained volatile. The jewellery retailer had a revenue of Rs 6,222.35 crore in the same quarter a year earlier, a company statement said. For full fiscal year FY2026, consolidated revenue rose approximately 42 per cent from the prior year, when the company recorded a ...Read More >
NEW DELHI: In a setback to telecom service provider Vodafone Idea, the Department of Telecommunication (DoT) has extended the deadline for reassessing adjusted gross revenue (AGR) dues of Vodafone Idea till June 30. Earlier, the ministry had set a target to complete this reassessment by March 31. According to officials in the DoT, Vodafone Idea could not submit the required documents related to Spectrum Usage Charges (SUC) in multiple circles on time, and the field offices (CCAs) faced delays in ...Read More >
New Delhi: The telecom department expects that AGR reassessment for Vodafone Idea -- which recently received government relief for its dues and liabilities -- will be completed by June, sources said. The reassessment was earlier targeted for completion by March 31. Sources said the review of the Spectrum Usage Charge (SUC) is on, following the internal licence fee reassessment by the Controller of Communication Accounts. Accordingly, the timeline has been extended to June, sources said. The Un ...Read More >
New Delhi, Apr 6 (PTI) PC Jeweller Ltd on Monday said its standalone revenue grew 32 per cent annually during the fourth quarter of the last fiscal year ended March 2026. In its quarterly update through a regulatory filing, the company informed that it concluded the fourth quarter of 2025-26 fiscal with a standalone revenue growth of about 32 per cent YoY (year-on-year). The company did not give any reason, but surging gold prices amid geopolitical uncertainties may have boosted the revenue. ...Read More >
The Federation of Automobile Dealers Associations (FADA) reported that FY 2025-26 was a record year for Indias auto retail industry, with total sales reaching 2.96 crore units, up 13.30% year-on-year. Growth was broad-based, supported by improved affordability, strong rural demand, and a wider range of vehicle options across segments. 2Ws led the market with over 2.14 crore units sold, growing 13.40% and returning to pre-Covid levels. PVs crossed the 47 lakh mark for the first time, rising 13.0 ...Read More >
New Delhi: Air India CEO Campbell Wilson has resigned, a source with direct knowledge of the matter said on Tuesday, as the airline grapples with persistent losses and heightened regulatory scrutiny following a crash last year that killed 260 people. The news of his resignation comes just days after its bigger rival IndiGo tapped aviation industry veteran Willie Walsh as its next CEO, as the country's two largest carriers come under pressure to tackle a mounting industry crisis stemming from t ...Read More >
New Delhi: India's fish production has more than doubled over 10 years to 197.75 lakh tonnes in 2024-25 from 95.79 lakh tonnes in 2013-14, making it the second largest producer of marine products in the world, according to a factsheet put out by the Central government on Monday. Collectively, fisheries-related schemes implemented since 2014-15 have generated an estimated 74.66 lakh direct and indirect employment opportunities, underscoring the sector's expanding role in inclusive and sustainabl ...Read More >
NEW DELHI: Air India CEO Campbell Wilson has resigned, a source with direct knowledge of the matter said on Tuesday, as the airline grapples with persistent losses and heightened regulatory scrutiny following a crash last year that killed 260 people. The news of his resignation comes just days after its bigger rival IndiGo tapped aviation industry veteran Willie Walsh as its next CEO, as the country's two largest carriers come under pressure to tackle a mounting industry crisis stemming from th ...Read More >
BENGALURU: Bangalore City Co-operative Bank Ltd's performance in mobilisation of share capital, reserves and other funds, deposits, working capital, loans and advances and in profit stands first among all urban co-operative banks of Karnataka, the bank said in a statement. Releasing its financial performance for the financial year 2025-26 (pre-audit), the bank said share capital exceeded Rs 96.06 crore while reserve fund and other funds exceeded Rs 555.37 crore. With Rs 2,324.44 crore in deposi ...Read More >
Mumbai: Jewellery demand remained resilient despite volatile gold prices, helping Kalyan Jewellers close FY2026 on a high note with strong growth across India and overseas markets. Kalyan Jewellers' India operations led the growth momentum, delivering revenue growth exceeding 65 percent in Q4 compared to the same period last year. The company attributed this to strong same-store-sales growth of over 45 percent across key markets. Wedding purchases and discretionary spending stayed firm despite ...Read More >
Shares of Senco Gold Ltd rallied sharply on Monday after the jewellery retailer indicated a strong end to the financial year, supported by healthy demand during the peak wedding season. The stock rose over 13% to around Rs 328 in intraday trade, as investors responded positively to the company's March quarter business update. The trigger was the March quarter update, where the jewellery retailer flagged strong traction during the wedding season, a period that typically drives a bulk of annual ...Read More >
The Madras High Court on Monday (April 6, 2026) quashed the criminal prosecution launched by the Income Tax (I-T) department against film producer, director, and actor Gautham Vasudev Menon for the alleged failure on the part of film production and distribution firm, Photon Kathas Production Private Limited of Chennai, to file its I-T returns for the assessment year 2013-14. Justice G.K. Ilanthiraiyan allowed Mr. Menon's quash petition pending since 2023. Making it clear that the prosecution wa ...Read More >
Chandigarh, Punjab Finance Minister Harpal Singh Cheema on Monday said the state government has achieved record enforcement outcomes in the financial year 2025-26, marking a decisive shift towards intelligence-led action and robust revenue protection. Cheema said, "Driven by the focused and intelligence-led actions of the State Intelligence and Preventive Units, the state taxation department imposed massive penalties amounting to ₹1,383.11 crore during the year." Out of this imposed amount, a ...Read More >
Chandigarh: Punjab finance minister Harpal Singh Cheema on Monday said the state taxation department recovered Rs 1,137.8 crore during 2025-26 as part of its crackdown on tax evasion, claiming a sharp rise in enforcement and revenue realisation.In a statement, Cheema said the department imposed penalties of Rs 1,383.1 crore during the financial year, of which over Rs 1,137 crore had already been recovered.He said inspection-based enforcement was the main driver, accounting for Rs 1,215.9 crore i ...Read More >
Mumbai: Air India's chief executive officer Campbell Wilson has reportedly tendered his resignation and is serving notice period. The expat executive will continue his duties until the airline finds a successor, which is ongoing from January. Transition period Wilson, a New Zealand-national, who took the helm in September 2022 shortly after the airline was privatised by the Tata Group, will stay on with the company to ensure a smooth transition until his successor takes over. The airline's boa ...Read More >
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